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Columbus a Top 10 City for Business Expansion

Walker Evans Walker Evans
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Press Release:
Columbus Recognized as Top Metro for Business Expansion

Columbus earned a spot in the ranking of top 10 metropolitan areas for new and expanded corporate facilities, based on Site Selection Magazine’s review of 2008 projects. The magazine ranks the Columbus region eighth among metropolitan areas with populations greater than one million.

“Columbus’ regional, collaborative economic development approach make this ranking possible,” said Ty Marsh, president and CEO, Columbus Chamber.

In 2008, more than 120 businesses entered or expanded in the Columbus region, committing to an investment of nearly $800 million and creating jobs for more than 15,000.

The Columbus Chamber launched a regional marketing strategy in 2007, invested in technology to coordinate prospect management and has emphasized regional collaboration. Twenty communities now contract with the Chamber through the Mid-Ohio Development Exchange for economic development services.

“Not only are we in a better position to track these results but our regional approach is managing prospective new businesses more efficiently and effectively,” said Marsh.

The State of Ohio won the Governor’s Cup Award for the third consecutive year. The Atlanta-based magazine has recognized the state with the most new and expanded corporate facilities for more than 30 years. Ohio had 503 projects in 2008.

“Recognition as a top site for expansion is important to creating positive awareness of our region as a business destination,” said Matt McCollister, vice president, economic development, Columbus Chamber. ‘The state’s continued recognition through the Governor’s Cup Award helps the state and our region.”

Last month the Chamber released results from a survey of national business decision-makers that shows an increase in awareness of the region over the past four years.

Site Selection magazine is the oldest publication in the corporate real estate and economic development field, and the official publication of the industrial Asset Management Council. The magazine is circulated to 44,000 executives involved in corporate site selection decisions. Other Ohio cities, Cleveland and Cincinnati were also recognized. For the full listing visit: www.siteselection.com.

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4 Responses to Columbus a Top 10 City for Business Expansion

  1. Columbusite March 10, 2009 3:53 pm at 3:53 pm

    Sounds good, but how many were in Columbus vs Delaware?

  2. Walker Evans
    Walker March 10, 2009 4:10 pm at 4:10 pm

    While having businesses in Columbus proper is good for Columbus proper, having a strong region is good for the region as a whole. People who work in Delaware may live in German Village.

    One of the things I constantly say about developing passenger rail, is that it would be good for the whole region, whether you use it or not. A light rail light line would alleviate highway congestion for those who choose to drive, and transit-oriented development would help to create additional jobs that directly or indirectly will benefit you as a resident of the Central Ohio region.

    So in the same light… new jobs in Delaware are good for the region. They are jobs that aren’t being created on the other side of the country or the other side of the world, but right here. They are jobs that college graduates can apply for and keep them here, or that people who live outside our state can move here for.

    So I guess what I’m trying to say is that I’m going to take this news as good news. ;)

  3. mstimple March 11, 2009 10:05 am at 10:05 am

    This methodology seems suspect to me.   Any list that Cleveland and Cincinnati are on are ones that I don’t think your city would want to be on.   If the state as a whole is so good for business, then whey are we consistently at or near the bottom of the other 99% of measures of economic fitness?

  4. Walker Evans
    Walker March 11, 2009 10:32 am at 10:32 am

    I agree that ranking cities by total number of corporate real estate deals doesn’t seem to accurately measure the size of those deals, or the significance of the specific businesses, or a number of other more subjective measures… but it is one way to look at the numbers.

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